Craft Brew Alliance (BREW) PT Raised to $22.00 at Citigroup

Craft Brew Alliance (NASDAQ:BREW) had its price objective increased by Citigroup from $21.00 to $22.00 in a research note published on Tuesday morning. Citigroup currently has a neutral rating on the stock.

Several other equities analysts have also recently weighed in on BREW. BMO Capital Markets assumed coverage on Craft Brew Alliance in a research note on Monday. They set a market perform rating and a $19.00 price objective on the stock. Zacks Investment Research cut Craft Brew Alliance from a buy rating to a hold rating in a research note on Tuesday, January 2nd. Cowen restated a buy rating and set a $20.00 price objective on shares of Craft Brew Alliance in a research note on Thursday, October 19th. Stifel Nicolaus assumed coverage on Craft Brew Alliance in a research note on Tuesday, December 5th. They set a hold rating and a $19.00 price objective on the stock. Finally, Susquehanna Bancshares set a $22.00 price objective on Craft Brew Alliance and gave the company a buy rating in a research note on Monday, December 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Craft Brew Alliance currently has a consensus rating of Buy and a consensus price target of $20.67.

Craft Brew Alliance (BREW) opened at $18.40 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.18 and a current ratio of 1.56. Craft Brew Alliance has a 52 week low of $12.00 and a 52 week high of $20.10. The firm has a market capitalization of $351.30, a price-to-earnings ratio of 204.44 and a beta of 0.44.

Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The business had revenue of $60.04 million for the quarter, compared to analysts’ expectations of $57.13 million. During the same period last year, the business earned $0.03 EPS. The business’s revenue was up 2.4% on a year-over-year basis. equities research analysts anticipate that Craft Brew Alliance will post 0.12 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its stake in shares of Craft Brew Alliance by 3.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 32,878 shares of the company’s stock worth $554,000 after purchasing an additional 1,081 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Craft Brew Alliance by 15.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock worth $207,000 after purchasing an additional 1,638 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Craft Brew Alliance by 17.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 26,193 shares of the company’s stock worth $441,000 after purchasing an additional 3,937 shares during the period. Perkins Capital Management Inc. raised its stake in shares of Craft Brew Alliance by 41.4% during the 4th quarter. Perkins Capital Management Inc. now owns 17,750 shares of the company’s stock worth $341,000 after purchasing an additional 5,200 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Craft Brew Alliance by 14.2% during the 3rd quarter. Wells Fargo & Company MN now owns 54,435 shares of the company’s stock worth $955,000 after purchasing an additional 6,783 shares during the period. Institutional investors own 34.32% of the company’s stock.

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Craft Brew Alliance Company Profile

Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.

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